Posted by harvest6138 > 2024-03-20 17:51 | Report Abuse

The feed cost should be still low as the corn and soybean future is lower based on 6 months trend , next Q result should be good as well..

Posted by Trianon > 2024-03-22 19:24 | Report Abuse

What happened? suddenly fall through RM2 ...

Posted by Ledangking > 2024-03-28 21:22 | Report Abuse

Intrinsic value for Teo Seng is RM5.95. Refer to https://valueinvesting.io/TEOSENG.KL/valuation/intrinsic-value

Posted by Ledangking > 2024-03-28 21:23 | Report Abuse

If this is true Teo Seng is so much undervalue now

Posted by curiousq > 2024-03-28 21:46 | Report Abuse

Sifu said LHI holds 54%+ Teo Seng, dun know true or not ?

Posted by harvest6138 > 2024-03-29 08:39 | Report Abuse

Teo Seng is undervalued stock as long as they can maintain the EPS more than 10sens consistently ...based on the past few quarter report , this is possible ..

Posted by Simonalibaba > 2024-03-29 09:33 | Report Abuse

Q1 I think 0.14 more than achievable vs Q1 23 only 0.067

Posted by Ledangking > 2024-03-29 11:56 | Report Abuse

People need more eggs to make kuih for CNY and hari raya. Sure can get.

Posted by Ledangking > 2024-03-29 12:04 | Report Abuse

Corn and soya price also lower compare to last year

Posted by Trianon > 2024-04-02 17:11 | Report Abuse

Invent a new product, Cocoa egg. Then egg price will go up also 😆

Posted by soccerking82 > 2024-04-02 18:27 | Report Abuse

anyone receive Teoseng dividend share? I am using Moomoo account, until today also nothing ...

Posted by Trianon > 2024-04-03 12:02 | Report Abuse

Dividend in specie

https://www.klsescreener.com/v2/announcements/view/6639203

Posted by AbangRedTea > 2024-04-04 12:05 | Report Abuse

Hope next QR will very good and give dividend. CNY + RAYA should boost the farming business revenue. Happy trading ^.^v

Posted by harvest6138 > 2024-04-04 19:13 | Report Abuse

If the quantity of eggs sold in last quarter same as previous one then the revenue and profit should be maintained as the feed cost is till low in last q .. lets see the result in next month , anyway , still hope company can give more dividend for FY23 ..

Posted by Trianon > 2024-04-08 16:46 | Report Abuse

Out of curiosity, does Teo Seng establish dividend policy?

Posted by harvest6138 > 2024-04-09 08:37 | Report Abuse

https://teoseng.com.my/wp-content/uploads/2020/04/8.-Dividend-Policy-Reviewed-as-at-16-Mar-2018.pdf

Posted by Why2TellMeWhy > 2024-04-15 15:46 | Report Abuse

keep dropping?

Posted by LubeTrader > 2024-04-15 17:53 | Report Abuse

Stay calm. Share dividend credited today.

Posted by LubeTrader > 2024-04-15 17:55 | Report Abuse

Keep position and benefit from expected higher returns to shareholders in coming qtrs.

Posted by harvest6138 > 2024-04-16 08:41 | Report Abuse

A total of 4,301,313 treasury shares were distributed on 15 April 2024 via share dividend distribution of treasury shares on the basis of one (1) share dividend for every sixty seven (67) existing ordinary shares held in Teo Seng Capital Berhad in respect of the financial year ended 31 December 2023. There is no cancellation of treasury shares. The total number of issued shares of the Company remain unchanged i.e. 300,008,175 ordinary shares.

Posted by harvest6138 > 2024-04-16 08:42 | Report Abuse

The total shares remain unchanged , that means it will not dilute the EPS after the bonus share issuance ..

Posted by markgold > 2024-04-16 10:05 | Report Abuse

Buy additional lots at 1.68 and 1.70.

Posted by LubeTrader > 2024-04-16 12:43 | Report Abuse

I think it's possible to reach as low as 1.50-1.55 range.

Posted by Why2TellMeWhy > 2024-04-16 15:15 | Report Abuse

game over.

Posted by Trianon > 2024-04-16 18:21 | Report Abuse

@harvest6138. Thanks. Can keep this company for dividend play then

Posted by LubeTrader > 2024-04-16 19:54 | Report Abuse

To me Serbadk is game over.
TSCB still have plenty of prospect. That's how I see it. Every consolidation is a buying opportunity. Every time a farm affected by avian flu is a buying opportunity.

Posted by harvest6138 > 2024-04-17 10:21 | Report Abuse

https://www.imoney.my/articles/chicken-egg-subsidy

According to this news , if govern stop the subsidy , the egg price may go up to 10sens each egg , and the current subsidy is 8sens per egg , so , the removal of subsidy should benefit company more , that make me can not understand why people keep saying TSCB is doomed when the subsidy been removed ?? anyway , the next QR shall help us to understand more if the company can sustain the profit .. for me , I am happy if they can maintain the EPS of 15sens per quarter consistently ..

Posted by markgold > 2024-04-17 11:38 | Report Abuse

TSCB has higher ROE among the same industry and very good cash flow. I will buy below 1.70

Posted by markgold > 2024-04-17 16:21 | Report Abuse

Middle East unrest or war has nothing to do with consumption of eggs in Singapore and Malaysia but TSCB price drop a lot.

Posted by cockcanfly > 2024-04-18 15:10 | Report Abuse

subsidy is sure win for TS, raw material cost expected to be lower vs 2023 due to ample supply from good harvest of major crops in major producing countries. corn (50% of feed cost) price is highly correlated with oil prices where both tend to move in same direction. but because of weak growth(demand) every where, oil won't be surging anytime soon, furthermore both iran and israel seems to have no appetite to escalate the war.

Posted by Trianon > 2024-04-22 10:51 | Report Abuse

That's interesting

https://news.abs-cbn.com/business/2024/4/18/el-ni-o-affecting-egg-sizes-too-1113

Posted by harvest6138 > 2024-04-25 10:34 | Report Abuse

The operating environment shows signs of improvement
with the softened prices of maize and soybean, which are
essential ingredients of animal feed. The supply of eggs is
expected to remain tight due to the slashing of production
and exited of household and small scaled farmers during
the rising of production costs who lack of competitive
advantage, while demand for eggs is expected to grow at a
moderate level driven by its status as the cheapest source
of protein, population growth, as well as increasing in the
arrival of foreign tourists.
Poultry farming continues to be Teo Seng’s core business

Posted by harvest6138 > 2024-04-25 10:36 | Report Abuse

above extracted from the latest Annual Report just released today , so the feed cost continue to be in favor of the company and the demand is strong , lets see if the next QR can help to validate this ...

Posted by Trianon > 2024-04-25 16:45 | Report Abuse

harvest6138, can ask you something? What's your entry price for Teo Seng?

Posted by harvest6138 > 2024-04-25 17:43 | Report Abuse

I bought at 2 .. hope the next QR at least maintain at Q3'23 level , then should have hope to recover ..

Posted by LubeTrader > 2024-04-26 13:58 | Report Abuse

Price didn't hit my desired target. Wait for the next opportunity to add. Poultry business is cyclical. There's always another chance.

Posted by Trianon > 2024-04-30 21:28 | Report Abuse

No plan to do averaging, harvest6138?

Posted by harvest6138 > 2024-05-01 13:44 | Report Abuse

waiting for the QR and dividend to decide next move , I believe it will attract some serious investors if they can deliver consistent good EPS (more than 10 sens ) , not many listed company in Bursa can have EPS more than 10 sens .. anyway , I also knows well Bursa is like casino more than investment , people will react more to "news" rather than fundamental ..

Posted by Trianon > 2024-05-06 11:23 | Report Abuse

Agreed. That’s why we need to be clear whether we are “trading” or “investing” in Bursa 🙂

Posted by markgold > 2024-05-08 10:52 | Report Abuse

Beginning of new uptrend !

Posted by markgold > 2024-05-08 15:17 | Report Abuse

Why there are so many sellers at this price ?

Posted by Trianon > 2024-05-10 14:31 | Report Abuse

No idea, markgold, but I believe TeoSeng will go up after it declares dividend for Jun one

Posted by harvest6138 > 2024-05-11 10:40 | Report Abuse

ha ..just hope management generous enough this round to reward the share holder , I did not see any expansion plan revealed recently (except the plan to increase production from 4 to 4.8m eggs/day ) , so , they should not need big Capex reserve ...

Posted by Ledangking > 2024-05-14 17:52 | Report Abuse

Result just out. Eps 11.59 sen with 2.5 Sen divy declared.

Posted by harvest6138 > 2024-05-14 18:10 | Report Abuse

If we don't consider the subsidy from government , this QR result actually much better than the previous one , I use revenue minus the cost and the Q423 is roughly 11.2% margin , however , they achieve roughly 17% in this QR , believe mainly contributed by lower feed cost , if this can be sustained , next QR should be even better as they may receive higher subsidy in next q ..

Posted by Ledangking > 2024-05-14 20:43 | Report Abuse

If compare to last year same quarter, subsidy from gov also nearly 100% lesser.

Posted by Ledangking > 2024-05-14 20:58 | Report Abuse

Also another milestone for TS on this quarter is turning from net debt to net cash company..

Posted by Ledangking > 2024-05-14 21:01 | Report Abuse

Also feedcost still low compare yoy, should have another good quarter ahead..

Posted by harvest6138 > 2024-05-15 08:35 | Report Abuse

If I added all the other income in Fy23 ( mainly subsidy from government ) , it was about 100m , which means each quarter should be around 25m , since this quarter only recorded 9m of subsidy from government , that means still have another 16m outstanding yet to be paid to company , that explains why in FY23 they received 54m in one single quarter ...

Posted by Trianon > 2024-05-15 09:02 | Report Abuse

Teo Seng Capital Bhd's first quarter net profit rose 42.11% to RM34 million from RM19.68 million a year ago, on higher egg sales, improved raw material costs, and government subsidies that eased operational expenses.

https://theedgemalaysia.com/node/711543